Question
 
Review the final project criteria in Appendix A.
 
Write a 1800- to 1900-word word paper in which you decide whether to purchase a house.
 
�Discuss which principles of economics directly relate to your purchasing decision.
 
�Compare the marginal benefits and the marginal costs associated with your purchasing
 
decision.
 
�Explain how the strength of the economy as a whole affected the marginal benefits and the
 
marginal costs associated with that decision.
 
�Consider the roles of the domestic economy and international trade in your assessment of the
 
strength of the economy.
 
�Determine what situations or conditions could have led you to make a different decision.
 
Assume for this project that purchasing a new home is a major decision requiring a substantial
 
financial outlay where the wrong decision has long-term financial consequences.